Italy: Buzzi Unicem has agreed to sell its 0.3Mt/yr cement plant in Cadola, Italy, to a subsidiary of Wietersdorfer for Euro22m. Under the terms of the agreement, Austria's Wietersdorfer will be also entitled to buy, within five years and without additional payment, Buzzi Unicem's Travesio 0.4Mt/yr cement plant.
Italian cement producer Buzzi Unicem has also agreed to buy 25% in two Wietersdorfer facilities. In particular, the company will acquire shares in W&P Cementi and Salonit Anhovo Gradbeni Materiali for Euro22m. W&P Cementi currently has a grinding plant in Pordenone, Italy with a production capacity of 0.3Mt/yr. Salonit owns an integrated cement plantin Slovenia with a production capacity of 1.3Mt/yr.
With these transactions, Buzzi Unicem expects to strengthen its production and sales structure by improving its procurement logistics, it said adding that the deals will result in technological integration between the two companies aiming to develop new products. The transactions are expected to close on 30 June 2014.
